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Guotai Junan expects Hong Kong stocks to fluctuate upward in an N-shaped pattern next year to explore domestic demand and improve investment opportunities. Chen Ximiao, chief analyst of Guotai Junan's overseas strategy, said that looking forward to 2025, the disturbance factors in the Hong Kong stock market from the external environment will continue, and the pace of interest rate cuts by the Federal Reserve under overseas inflation, policy restrictions in areas such as strong US dollar and tariffs, and game friction among big countries will continue. However, the domestic policy thinking is clear, economic expectations are expected to stabilize under the financial impetus, and the profitability of molecular enterprises will improve, and the industrial chain will be able to cope with it. She said that in 2025, the sensitivity of the Hong Kong stock market to external shocks is expected to decline, and more attention should be paid to returning to its own logic. For the trend of Hong Kong stocks in 2025, it is expected to be dominated by the upward pattern of N-shaped shocks, and there are many opportunities for flexibility during the stage. In 2025, we should still actively look for the structure, and focus on the barbell strategy to shift the weight of the two ends. We need to pay more attention to the configuration rhythm and pay attention to the repair opportunities of some domestic products.A court in Hong Kong dismissed the liquidation case against Territorial Holdings, and a court in Hong Kong dismissed the liquidation case after the petition against Territorial Holdings, a real estate developer in China, was revoked. Our headquarters finance group withdrew the petition, and the debts and expenses have been settled. The liquidation petition was filed in September, involving an outstanding sum of HK$ 275,633.29. (Interface News)The whole link and the whole chain cracked down on the case of sneak shots and stealing photos. The case of selling videos in hotels was sentenced to 10 years. Today, the Supreme People's Court released four typical cases of punishing illegal production, sale, use of eavesdropping equipment and stealing photos according to law. In the first case, the defendant installed a sneak shot device in the hotel room to sneak a shot of his human behavior and made it into a video for profit. The people's court fully considered the illegal income and other circumstances, and determined that the actions of the five people were "particularly serious" and "serious". The court sentenced Shimou, Wu Mou Dong, Wu Mou Hua, Luo Moujing and Tian Moujun to fixed-term imprisonment ranging from 10 years to one year and six months for making and selling obscene articles for profit, and fined them ranging from 300,000 yuan to 10,000 yuan. According to the Supreme Law, in the next step, the court will strengthen cooperation and cooperation with relevant departments, continuously improve the quality and efficiency of cracking down on crimes of illegal production, sale and use of eavesdropping and photo stealing equipment, and resolutely cut off the industrial chain of stealing black ash.

The Syrian opposition and Kurdish armed forces reached a ceasefire agreement in northern Syria. The reporter was informed that in the early morning of 11th local time, Mazlum Abdi, commander of the Syrian Kurdish armed forces "Syrian Democratic Army" supported by the United States, said that under the mediation of the United States, "Syrian Democratic Army" had reached a ceasefire agreement with the Turkish-supported Syrian opposition armed forces "Syrian National Army" in Mambiji, northern Syria. The "Syrian National Army" has not confirmed this news. The "Syrian National Army" supported by Turkey has launched an offensive in Mambiji near the Turkish border in northern Syria in recent days. According to Turkish media reports, the Syrian National Army took control of Manbiji on the 9th. (CCTV News)The Nine Associations jointly proposed to put an end to the waste on the tip of the tongue. The reporter learned today (11th) that the China Consumers Association, together with internet society of china, China Hotel Association, China Self-employed Workers Association, china electronic chamber of commerce, China Packaging Federation, China Chain Store & Franchise Association, China Baked Food and Sugar Industry Association and China Nutrition Society, jointly proposed to put an end to the waste on the tip of the tongue, starting with you and me. This initiative advocates that operators in the catering industry (including self-employed workers) should curb the phenomenon of catering waste in the industry and fulfill their responsibilities through innovative measures, public welfare propaganda and optimization of services. In addition, the initiative advocates rational consumption, civilized catering, consciously resisting food waste and establishing a sense of thrift. (CCTV News)The Taiwan Affairs Office of the State Council introduced the annual meeting of the 2024 Cross-Strait Entrepreneur Summit. Zhu Fenglian, a spokesperson for the Taiwan Affairs Office, said that the 2024 Cross-Strait Entrepreneur Summit was successfully held in Xiamen, Fujian from December 9 to 10. More than 700 business people from both sides of the Taiwan Strait attended the annual summit. Focusing on the theme of "Building a new era industrial chain across the Taiwan Strait to promote cross-strait economic integration and development", they conducted in-depth discussions on issues such as promoting cross-strait industrial Internet innovation, building Taiwanese enterprises to land in their first homes, and innovating cross-strait financial service systems. The exchange atmosphere was warm, which fully demonstrated the common aspiration of cross-strait industries to strengthen exchanges and cooperation. (Riyue Tan Tian)

Dongxing Securities: The demand for food and beverage will pick up. Dongxing Securities Research Report pointed out that with the implementation of a series of policies such as expanding domestic demand and stabilizing investment, consumption will gradually stabilize and recover, and the demand for food and beverage will also pick up. In particular, catering consumption will recover with the economic recovery. It is expected that the upstream and downstream consumption of catering will improve, and the overall demand of liquor, condiments, beer and other industries is gradually recovering. Especially in the condiment industry, it is speculated that the whole industry is in destocking after the Mid-Autumn Festival. With the arrival of consumption in the peak season of New Year's Day and Spring Festival, the stocking period in the peak season is expected to start, and it is expected that mainstream condiment enterprises will achieve steady growth in the fourth quarter. At present, the overall valuation of the industry is lower than the historical average valuation, and there is room for repair. Continue to pay attention to liquor, snack food and condiments in the pro-cyclical sector of the food and beverage industry.Yonhap News Agency: South Korean Prime Minister Han Dezhu blamed himself for failing to stop martial law.Byte Toilet started a war against slang. Recently, many netizens posted that ByteDance posted many cartoons against slang in the toilet, encouraging everyone to "speak clearly without slang" by teasing. For example, the phrase "Your cherries are at the price lose level in the current market, and it is suggested to adjust the price strategy appropriately" is changed into the vernacular phrase "Your cherries are more expensive than others, so they are cheaper". Take your test paper and let it dry. Let's review it together and see how to adjust the next stage of play. Auntie, please increase the concentration of braised pork and pay attention to the stability of dish distribution. Coordinate the offline conference venue to ensure the efficient alignment of project information. (Oriental Finance)